I drive short trips and I seldom drive on any roads where the speed limit is over 45 mph. Since there are so few moving parts and I don't abuse my Bolt , how important it is to extend my 3 year warranty?
Be exceptionally careful of those third-party warranty companies. A significant portion of them aren't worth the paper they're printed on.I just drove through 36k miles yesterday. I had previously posted a similar question and decided against the purchase of an extended warranty.
If you choose to, I would consider a 3rd party. GMs extended warranty does not differentiate between models (we bought a Bolt and Volt the same day, extended warranty is the same fee, and probably the same as a Suburban).
I won't disagree... so my thought is to not worry about the extended warranty.Be exceptionally careful of those third-party warranty companies. A significant portion of them aren't worth the paper they're printed on.
Although it's not what I did (I skipped the extended warranty), I like your approach. If you're going to get an extended warranty at all, this is the right way to go (or perhaps going to the local dealer, Internet price in hand, and seeing if you can negotiate the same one). If the warranty is pretty comprehensive and you keep the car that long, I think it's going to cover something eventually, and you have the peace of mind that you've got a ceiling price and it's already paid.@redpoint5 makes a fair number of really good points. I'm not so risk tolerant and I am at the mercy of the dealerships and the ever rising labor/shop rates. And it's really crystal ball game playing. I do think overall extended warranties are a waste but for reason's I can't fully defend, I tend to buy them for cars and have more times than not. I believe I've broken even at worse with them. The Bolt is a different beast because of the warranty for the battery and motor. With that being said, when the dealership that sold me the car offered me the GM/Chevrolet warranty, it was outrageously priced. I had followed some forums prior to my purchase and from this forum I became aware that you can buy an extended warranty from any GM dealer anywhere basically. And you had up to a year to do so without penalty. So, after shopping for the warranty at 3 different local dealerships and getting widely varied pricing, it ended up being on the internet that I pulled the trigger. I paid $1,836 to add 7y/100k to the car from the point of purchasing the contract. Not the delivery date of the car. I think I will be a good case study and will keep everyone informed as to how I make out with it. It's been a year, and I don't have regret but the comments above have given me pause. If my infotainment goes out, the wipers go south, due to rising costs I might do ok. I don't fix these things myself. I've got no kids, great income and a solid pension so I have the discretionary income and maybe that is a factor.
Thanks. I didn't go back to the original dealer, but on one dealer I did go with internet price in hand thinking maybe they would match it. They didn't .... thought that was odd but didn't fight it either. Bought the car in Wisconsin, the warranty from Wyoming.Although it's not what I did (I skipped the extended warranty), I like your approach. If you're going to get an extended warranty at all, this is the right way to go (or perhaps going to the local dealer, Internet price in hand, and seeing if you can negotiate the same one). If the warranty is pretty comprehensive and you keep the car that long, I think it's going to cover something eventually, and you have the peace of mind that you've got a ceiling price and it's already paid.
Shop labor rates and GM parts are expensive. I bought an extended warranty for my 2015 GMC Sierra 1500 truck. I haven’t broken even yet but I’ve used the extended warranty twice. Each repair was about $600, one the dealership tried to charge me for saying it wasn’t covered. Both repairs were accessories ... a wiper motor replacement, it’s gearbox and something related. The recent one was I lost my driver door armrest controls. All of them went dead. It was just over $500 to diagnose then replace the cable to the door. I am not openly disagreeing with you but I knew going into the purchase of the warranty that I was only covering accessories when I bought mine. It’s a roll the dice moment. If your infotainment screen goes out, that’s over a grand. I’ve had a fancy electronic dash go out, that was a grand. These are rare, but that’s what went through my mind when I threw that money towards the extended warranty.The biggest ticket items are the battery and motor and those have 8 years of coverage. We only need to worry about buying extended warranty close to the 8 yr point. Buying extended warranty from new purchase means overlap in coverage. You're effectively paying for the mfg warranty yourself.